Yi Feng's Q1 EPS at NT$5.62; Seizes Opportunity as Inflation Looms and Consumer Budgets Decline
Curtain giant Yi Feng announced its Q1 financial report, with revenue up 0.4% year-on-year to NT$7.305 billion, net profit attributable to the parent company down 7.3% to NT$1.647 billion, and earnings per share of NT$5.62. The company aims to leverage its comprehensive product line to capture opportunities arising from decreasing consumer budgets amidst inflation.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 17:09
- 🔍 Collected: May 6, 2026 at 17:33 (24 min after Published)
- 🤖 AI Analyzed: May 6, 2026 at 19:39 (2h 5m after Collected)
Central News Agency
(Central News Agency reporter Tseng Jen-kai, Taipei, May 6) Curtain manufacturing giant Yi Feng today announced its first-quarter financial report. Revenue reached NT$7.305 billion, a year-on-year increase of 0.4%, and a quarter-on-quarter decrease of 4.7%. Net profit attributable to the parent company was NT$1.647 billion, a year-on-year decrease of 7.3% and a quarter-on-quarter decrease of 16%. Earnings per share for the single quarter were NT$5.62.
Yi Feng explained that revenue weakened in January and February due to the Lunar New Year holiday, as well as short-term disruptions such as snowstorms in North America and seasonal demand fluctuations. However, revenue returned to year-on-year growth in March.
Yi Feng's gross profit margin for the first quarter was 59.09%, an increase of 0.88 percentage points compared to the same period last year. Yi Feng stated that this was mainly due to increased revenue, an upward adjustment in prices for customized curtains in North America, and reduced tariffs. However, due to continuous expansion of sales personnel and aggressive store expansion, early-stage investments increased, leading to an operating profit margin of 28.11% in the first quarter, a decrease of 0.49 percentage points compared to the same period last year.
Regarding non-operating income, Yi Feng stated that driven by a strong US dollar, it recognized foreign exchange gains of NT$120 million in the first quarter, slightly lower than the NT$130 million in foreign exchange gains recognized in the same period last year.
Looking ahead to the second quarter, Yi Feng stated that the curtain market remains volatile, with rising costs pushing up prices, which may compress consumer budgets. However, Yi Feng observed that the demand for curtains has not disappeared but is being reallocated across different price ranges. As Yi Feng's product line covers a complete range of high, medium, and low price points, it can seize new opportunities brought by the downward shift in consumer budgets.
In response to rising costs, Yi Feng stated that it possesses internal supply chain buffers such as raw material warehouses and semi-finished product warehouses. It also continues to improve operational efficiency through process optimization and waste reduction to absorb external cost pressures.
Yi Feng also mentioned that with the upward adjustment of customized curtain prices and reduced tariff pressure, coupled with the on-schedule progress of its new factory in Northern Vietnam and expansion in Mexico, production is expected to commence sequentially in the second half of the year. This will be beneficial for the company's future operational growth and enhance supply flexibility. (Editor: Yang Lan-hsuan) 1150506
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(Central News Agency reporter Tseng Jen-kai, Taipei, May 6) Curtain manufacturing giant Yi Feng today announced its first-quarter financial report. Revenue reached NT$7.305 billion, a year-on-year increase of 0.4%, and a quarter-on-quarter decrease of 4.7%. Net profit attributable to the parent company was NT$1.647 billion, a year-on-year decrease of 7.3% and a quarter-on-quarter decrease of 16%. Earnings per share for the single quarter were NT$5.62.
Yi Feng explained that revenue weakened in January and February due to the Lunar New Year holiday, as well as short-term disruptions such as snowstorms in North America and seasonal demand fluctuations. However, revenue returned to year-on-year growth in March.
Yi Feng's gross profit margin for the first quarter was 59.09%, an increase of 0.88 percentage points compared to the same period last year. Yi Feng stated that this was mainly due to increased revenue, an upward adjustment in prices for customized curtains in North America, and reduced tariffs. However, due to continuous expansion of sales personnel and aggressive store expansion, early-stage investments increased, leading to an operating profit margin of 28.11% in the first quarter, a decrease of 0.49 percentage points compared to the same period last year.
Regarding non-operating income, Yi Feng stated that driven by a strong US dollar, it recognized foreign exchange gains of NT$120 million in the first quarter, slightly lower than the NT$130 million in foreign exchange gains recognized in the same period last year.
Looking ahead to the second quarter, Yi Feng stated that the curtain market remains volatile, with rising costs pushing up prices, which may compress consumer budgets. However, Yi Feng observed that the demand for curtains has not disappeared but is being reallocated across different price ranges. As Yi Feng's product line covers a complete range of high, medium, and low price points, it can seize new opportunities brought by the downward shift in consumer budgets.
In response to rising costs, Yi Feng stated that it possesses internal supply chain buffers such as raw material warehouses and semi-finished product warehouses. It also continues to improve operational efficiency through process optimization and waste reduction to absorb external cost pressures.
Yi Feng also mentioned that with the upward adjustment of customized curtain prices and reduced tariff pressure, coupled with the on-schedule progress of its new factory in Northern Vietnam and expansion in Mexico, production is expected to commence sequentially in the second half of the year. This will be beneficial for the company's future operational growth and enhance supply flexibility. (Editor: Yang Lan-hsuan) 1150506
Choose to stand with the facts, every sponsorship you provide is the power to protect press freedom.
Download the Central News Agency "First-Hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.